Sadbhav Infrastructure Project Limited to raise funds of upto Rs. 700 crores through NCDs
Posted On: 2021-02-09 22:32:37 (Time Zone: Arizona, USA)
Sadbhav Infrastructure Project Limited (SIPL or Company) has executed certain Debenture Trust Deeds with the trustee in relation to certain debentures, being Catalyst Trusteeship Limited on 9th February, 2021 to raise upto Rs.700,00,00,000/- (Rupees Seven Hundred Crores only) in various tranches / series on a private placement basis, the details of which are as under:
1. Issuance of up to 5,001 (Five Thousand and One) secured, unrated, unlisted, redeemable, nonconvertible debentures by the Company having face value of ₹10,00,000/- (Rupees Ten Lakhs Only) each, aggregating to ₹500,10,00,000/- (Rupees Five Hundred Crores and Ten Lakhs Only) on a private placement basis in one or more tranches. ( Series A Debentures ).